Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Account Bank shall on each Repayment Date and on each due date for the payment of interest under this Agreement pay to the Agent, for the Agent to distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals:
Appears in 5 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Containers Inc.)
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Account Bank shall on each Repayment Date and on each due date for the payment of interest under this Agreement pay to the Agent, for the Agent to distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the relevant Retention Account as equals:
Appears in 1 contract
Samples: Dynagas LNG Partners LP
